AMWatch

Major low-cost funds aim to conquer Danish investment market

From the turn of the year, cheaper investment funds known as ETFs will work on the same fiscal conditions as Danish mutual funds, which will add pressure to costs, claims adviser.

Photo: Lucas Jackson/Reuters/Ritzau Scanpix

The world's largest asset manager BlackRock confirms that the company is currently registering several of its ETF's from iShares with Danish tax authorities.

Consequently, Danish investments in these funds will be subject to reduced taxation from January 1, increasing the pressure on costs in Danish investment funds, writes Danish business media Finans.

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